Thursday, December 8, 2022
HomeDigit NewsNow everyone can share NFTs on Instagram or Facebook, says Meta, no...

Now everyone can share NFTs on Instagram or Facebook, says Meta, no fees will be charged

Meta has announced that everyone can now share Digital Collectible and Non-Fungible Tokens on Instagram and Facebook. The company began testing Digital Collectible with some US manufacturers and collectors in May, and the feature is now available for users in 100 countries.

Digital Collectibles Available on Instagram

In an update, the company said, in 100 countries where digital collectibles are available on Instagram, everyone can now use this feature. meta also tweeted that everyone on Instagram and Facebook can now share their Digital Collectibles on Instagram in the US and the previously announced 100 countries.

Cross-post on Facebook and Instagram

Last month, the company further said that people can cross-post digital collectible objects that they have on both Facebook and Instagram. Once connected, producers and collectors have the ability to choose which NFTs from their wallets they want to share on Instagram. Once a producer and collector posts a digital collectibles, it will have a shimmering effect and may display public information, such as the details of NFTs. The posts will also appear on their profile.

Meta: Now everyone can share NFTs on Instagram or Facebook

 

No fees for sharing posts on Instagram

That said, the creator and collector can automatically be attributed to a Digital collectibles post, Meta said. Compatible third-party wallets for use will include Rainbow, MetaMask and Trust Wallet, with Coinbase, Dapper and Phantom coming soon. The company said that there will be no fees associated with posting or sharing digital collectibles on Instagram.

Meta trading hits a low

Meta is trading at its lowest level since the start of 2019, and the stock is one of the worst performers in the S&P 500 this year. The company’s troubles continue to mount, whether it’s the ad hit from Apple’s iOS transformation or the growing threat posed by TikTok. A year ago, before Facebook became meta, the social media company sporting a $1 trillion market cap placed it in scarce territory with a handful of US technology giants.

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